Finance Minister II Johari Don’t cry for me Pua am not my brother’s keeper

“Johari good judgement for my own preservation”  the secret he revealed is – acute powers of observation and the good judgement and strategy of cloaking his information and using it judiciously! “The hardest part wasn’t returning his serve, but not letting him know I knew this… because I didn’t want him to keep that tongue in his mouth…!” And so he forced himself not to meet Johari’s serve for majority of the match so that he could use his information at the critical juncture that would allow him to break the match!When Najib confessed his secret to Johari , complained to Jqhari that it seemed Pua could read his mind, Johari said, “Little did he know Pua was just reading his tongue!”
Indeed there is tremendous power in observing the world around — the things that are connected with or surround you daily. Intelligence is the function of keen observation, learning, assimilating and applying ideas. The difference between merely seeing something and observing is to experience it not just with your eyes, but also with the rest of your senses.
johari didn’t stop at the exciting discovery he made of Pua’s tongue tell. Johari strategized and patiently executed his strategy to manage win after win without giving in to the temptation of letting out his secret. And that is what made the difference.
Under DAP MP Tony Pua leadership form a bipartisan parliamentary select committee with full authority to look into all MACC relevant investigation papers, reports and recommendations, including those submitted to the AG, and to summon MACC and AG’s Chambers officials to answer questions.DAP MP Tony Pua  has threatened as never before when he  has to reconfigure himself to serve the “utopian experiment of  selfcentered.politician.
The legal scholar David Kennedy has argued, the administration of a professional global class of hidden persuaders and status-seekers.Pua is not doing exactly what he has been elected to do –
“Johari good judgement for my own preservation”  the secret he revealed is – acute powers of observation and the good judgement and strategy of cloaking his information and using it judiciously!  troubles, problems, stress, issues, all come in various shapes and sizes, but we often fail to recognise that we don’t really need to solve them to be a happy person. We simply have to see the other side of things, or the other side of the coin.We can either wait till we “feel like” getting out of our troubles, or when we have solved our issues out. Or we can recognise that eventually the issues will get settled, or will never get settled, and hence it is pointless to ponder over either framework. why  Johari need to escape he has done no crime like Penang Chief Minister Lim Guan Eng yes the moral high ground.Johari has taken wants “to do his job as a minister” and he “would do the best for the country”not like DAP traitorsThe second finance minister, with all the necessary access to all the documents and transactions within the Finance Ministry subsidiaries –  he has figured out why and how 1MDB and its sister company, SRC International lost tens of billions of ringgit?he is fordden due his solemn oath to the Agong.

Johari taking the position that what has happened in the past, even if it involved billions of ringgit of stolen funds, who stole it?Did Johari stole?  should be left alone, and who blinkered ?
Johari not bothered asking the Finance Minister, who also happens to be the Prime Minister, Najib Abdul Razak, whether he did indeed receive US$731 million in his personal bank account which originated from 1MDB? and you and the DAP criminals want Johari to be the traitor.
Why must Johari question Najib? Pua you had done that
role is just focus on how to cover up the massive hole which has been created?unlike in  the Watergate exposé, brought down Richard Nixon just after he had won a landslide endorsement from the people. because Nixon lied Discourse, therefore, is about accusation, not comprehension. This is perfect for the latest version of television dialogue, which bridges brevity with hysteria. Anyone who seeks any more is dumped into the dustbin of boredom. Do not blame journalists alone. This is what the viewer wants; this is what the viewer gets.Obviously there should be a lifetime achievement award  to DAP MP Tony Pua self-serving taunt. as well, for shortest sentence with maximum impact. It would be inappropriate to hand out a statue for this. A tweezer could be a good substitute

 

Charged with two counts of corruption, Lim Guan Eng strikes defiant tone

Every corrupt transaction victimize the people but  Penang Chief Minister Lim Guan Eng will not crush his spirit in furthering corruption The rationale for the most transformative event is the currency of corruption uncomplicated. All cash transactions are not corrupt. But every corrupt transaction is corruption like Lim Guan Eng case.

Do you begin by trusting everyone and taking a chance? Or, do you start with distrust, allowing experience and time to cajole you into trusting another? As life takes newer forms with advancing invasive technology, it becomes difficult to answer these questions honestly.
To be vulnerable, open and trusting were always attractive qualities that left you open to hurt. Today the stakes are higher and so, fraught with danger.
And yet, trust is the basis of all human dealings. We are so dependent on human interactions that life would be impossible without trust. We trust our loved ones, friends, colleagues, and beyond. What would it be like if you didn’t trust the public transport you boarded, your own driver or your cook? What if the security guard at your gate didn’t have your trust?
What if you didn’t trust the bank where you deposit your money? Or the companies you invest in? Life would get chaotic and impossible, and you would become a paranoid basket case. So a certain amount of trust is inherent in our everyday transactions, and certainly in our closest relationships.
A lack of trust is responsible for breaking up many relationships. But you cannot demand trust; it needs to be earned over time and with experience. Some of us trust more easily than others. What makes it easier for you to trust someone? I usually trust people who make direct eye contact, are open with their gestures, are respectful and self-confident, those who speak the truth no matter what, people who maintain boundaries and do not ladle on fake compliments.
In most of Europe, when you board a tram you are trusted to buy and validate your ticket. Checks are few and far between, but when these do happen, offenders are heavily fined. However what totally inspired me was my first experience of the much-publicized ‘London telephone booth library’, which interestingly I saw in Germany! A booth next to the Bonn skating rink had small shelves full of books. You can pick a book to read, but you have to replace it with another! The system works on trust and nobody monitors it. Yet the racks remain full of books.
I am soon starting one in office because a gesture like this (apart from inculcating the habit of reading) encourages people to believe in themselves. Trust begets trust. You trust someone and it encourages the person not just to trust you back, but also to live up to your trust!
However it would be foolish to say that all these systems haven’t been built keeping in mind the losses they could incur. The wise amongst us always create strong, well-defined boundaries before investing trust in anyone or anything.
It is best to start with an open mind and heart, and believe. Allow your instincts to guide you. Get to know a person while keeping within your defined boundaries. Let your guard down once reasonably sure. Else, step away with a new experience learnt…
I came across some very meaningful advice, “Measure twice and cut once; that’s what a good carpenter does!”

Misguided analysts Tony Pua take on PM and finance minister

 Misguided analysts an idiot likeTony Pua, full of sound and fury/ Signifying nothing.”The concerns of  Tony Pua  MP for Petaling Jaya Utara and DAP national publicity secretary.’s legion of critics have all been proven plain wrong Given the disputes about the measure’s wisdom and success, however, it is time to take stock of what was said in the aftermath of 1MDB and what has actually transpired since then. “It is a tale/ Told by Pua.
Collapsing economic growth, high inflation and corruption  crushing incomes and opportunities. must be stop
The government constantly lacks funds for badly needed infrastructure.Finance Minister II Johari ’s solution is for government undertakings to routinely sell existing assets, and use the sale proceeds to finance fresh investment.So, the government can sell old roads to finance new ones; sell old ports to build new ports; and sell old power stations to build modern ones. Public sector entities can sell entire subsidiary companies, or projects, or vacant land to finance fresh projects.From a market-friendly viewpoint, the government’s role is to facilitate private enterprise.a strong case for raising the government’s share in investment, but the government lacks cash. A truly counter-cyclical approach requires bigger fiscal deficits to kickstart growth. Should the government abandon its fiscal targets to step up investment?
The same may be said of much of the commentary on With no compelling precedent for such a move in a growing and stable economy, not one suffering hyperinflation – it was no surprise that most commentators failed to grasp its implications and many got it plain wrong. was a goal in itself, this may perhaps have been the ideal approach, but surely this was not the case in Malaysia where corruption, tax evasion and the accumulation of black wealth were instead the primary targets. Rogoff’s concern that the system lacked the logistical capability to implement.

Tony Pua  MP for Petaling Jaya Utara had asked PM and finance minister  to justify the award of the RM55 billion East Coast Rail Link project to China Communications and Construction Company (CCCC) and why Malaysian companies were not given the opportunity to tender for the project.In the Finance Ministry’s reply, it said “to qualify for this financing offered by China Exim Bank, the project had to be executed by CCCC”.

The minister said that the Export Import Bank of China (China Exim Bank) offered a soft loan to Malaysia for the project at low interest rates. He added that the loan, for a period of 20 years, also allows for a grace period of seven years where the government does not need to repay the principal.In addition, “the government has, in principle, agreed at least 30 percent of the infrastructure work will involve local companies and contractors”.

If studied carefully, the reply carried very sinister undertones.

Malaysia now appears so desperate for foreign financing for its so-called national interest projects that it is willing to subject itself to terms and conditions of foreign powers.

Just because somebody is willing to lend you the money at seemingly favourable terms does not mean that you should accept the condition to select the product that will cost nearly double the estimated price.

This is no different from unscrupulous retailers duping Malaysian shoppers into ‘zero-interest’ financing schemes on products costing significantly higher than if you have paid for it in cash. Any financial consultant will educate you that the real cost of financing is already built into the jacked-up price of the product.

Worse, the real cost of funds for the project is now opaque because we do not know the real cost of the project as it was awarded without any open and competitive tender. We do know however, that the government’s own appointed consultants, HSS Integrated, has estimated that the cost of the 600km railway project will be less than RM30 billion.

Therefore, to pay for the project at RM55 billion just because China Exim Bank offered an “attractive financing package” is absolutely scandalous.

Worse, only 30 percent of the project will involve local companies and contractors, despite an abundance of experience and expertise which are already widely available in Malaysia. We now have many companies who have built double-tracking railway projects, dug award-winning tunnels systems and constructed the MRT. And yet, the government is awarding a standard rail link project at substantially higher cost to a foreign company with minimal local participation.

The irony is that the Finance Ministry has advised or even instructed our government-linked companies to halt their investments abroad and repatriate its foreign funds from overseas to check the drastic decline of the ringgit. Bank Negara even put in harsh measures to force private companies to convert their foreign currency receipts into ringgit.

‘Doesn’t practice what it preaches?’

However, the government clearly doesn’t practice what it preaches because the overwhelming bulk of the inflated RM55 billion cost will be paid to China despite available local options.

There can be no better example of the English saying, “penny wise but pound foolish”. What boggles the mind is, the Finance Ministry doesn’t comprise of idiots – they should know that we are paying well above what is a fair price for the project. What is the ‘real’ reason why the project has been awarded to CCCC – is the real ‘quid pro quo’ the fact that CCCC will help launder part of the astronomical profits to pay off 1MDB debts as widely speculated?

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